Markets are doing their thing.....going where they want to go......
These LOW levels are providing an opportune time to buy great stocks on "fire sale"
In my portfolio :
MRVL rating 5/30 rated for a "breakout" @ $17.71 for a target of $19.15...
SOL NO TA...Made "triple bottom on higher LOWS" and moved UP sharply on HIGH volume...
Strong sectors were Ag,Steel,Coal,selected Techs......
By 10AM Saturday ..I will list technically weak/strong/buy rated stocks....
BLOG does NOT give BUY or SELL.
Saleem
2 comments:
SOL was dropped from IBD 100 on Friday. Apparently it was listed in error since its rating is so much lower that the other IBD 100 stocks. (computers do make mistakes) I suspect it will give up its gains next week as the IBD momentum players sell out. Just my wild ass guess.
And I think Solar is just stalled with the rest of the market, which is putting in a triple bottom. When the market comes back, which it will, Solar will too.
Hi Beatrice,
Thanks for your IBD take on SOL.
Many stocks go in & out of IBD 100 based on last weeks tape.
I think Markets & solar IS ready to move UP.
Saleem
Post a Comment